Bank of Georgetown is offering a very competitive 4-month CD special with a 1.60% APY. Minimum deposit is $1,000. The bank has a few other longer-term CD specials, but they're not that competitive. This 4-month CD special is listed in the bank's deposit rate sheet (pdf) as of 6/14/2010. The rate sheet has a November 2009 date, so I contacted the bank today and confirmed that these rates are up-to-date.
The bank has long been offering this 4-month CD special. My last post on this bank was 3 years ago when the rate was 5.50% APY (the good old days).
It appears that a branch visit is required to open an account. Branches are located in Washington DC, Arlington, VA and in Bethesda, MD.
The bank's ratings for safety and soundness are strong: 5 stars (superior) at BauerFinancial, 4 stars (sound) at Bankrate.com, and a health score of 4 out of 5 at DepositAccounts.com (see our Bank of Georgetown rates and reviews page). These ratings are based on 3/31/10 data except for Bankrate which is still based on 12/31/09 data. The bank has been a FDIC member since 2005 (FDIC Certificate # 57941).